$SIREN โ Blow-Off Top or Fake Breakdown? ๐ฅ
Entry: 0.122 โ 0.126 ๐ฉ
Stop Loss: 0.152 ๐
Target 1: 0.115 ๐ฏ
Target 2: 0.105 ๐ฏ
Target 3: 0.095 ๐ฏ
Technical Context
Parabolic expansions often end with:
โข Vertical price acceleration
โข Large upper wicks (rejection)
โข Volume climax at highs
โข Loss of structure on lower timeframes
If 0.120 fails with strong momentum and increasing sell volume, continuation toward the 0.105โ0.095 liquidity pocket becomes technically plausible.
However โ blow-off top setups are highly volatile. Failed breakdowns can trigger violent short squeezes.
What Confirms the Bearish Case:
โ Lower highs forming on 1H/4H
โ Increasing sell-side volume
โ Weak bounces into resistance
โ No strong reclaim above breakdown level
Invalidation:
A strong reclaim and hold above 0.130โ0.135 would weaken the immediate bearish thesis.
A push toward 0.152 clearly invalidates this plan.
Stay disciplined. Let structure confirm before scaling in.
High volatility = position sizing matters.
Disclaimer: Trading involves risk. Not financial advice.
#siren #CryptoTrading. #ShortSetup #Marketstructure ๐ฅ$SIREN
